Search form

Search form

Central securities depositories in Germany, Spain, Australia, Brazil and South Africa have launched a forum to address concerns that regulations will lead to a global capital crunch. "Different markets have different needs and a truly global liquidity management solution needs to factor in these differences while still catering to the globally operating banks. It is our objective that the Liquidity Alliance will deliver an efficient value proposition for the worldwide industry enriched by local know-how and experience," says Peter Hiom of ASX Group.

Related Summaries

Dereje Birhanu and others with technical know-how have made coffee machine repair into thriving businesses in Ethiopia. Birhanu travels to cafes and coffee shops repairing machines and will buy machines from defunct businesses to rent out to new startups.

Ian McCafferty, a member of the Bank of England's Monetary Policy Committee, says the central bank should consider easing bond-market access for small and midsize businesses to stimulate the economy. "We need to be open to considering other unorthodox means to conduct monetary policy if they become necessary," McCafferty said.

International Monetary Fund Managing Director Christine Lagarde said she fears that the momentum of efforts to reform the global financial system is waning and called for faster action to prevent a "relapse" into crisis. She said she is concerned that some rules aimed at making the financial system stronger are being "softened at the margins" in response to opposition from banks.

Depository Trust and Clearing is threatening to sue the Commodity Futures Trading Commission over the way CME Group plans to handle derivatives-trading data. CME has asked the regulator to approve its practices, but DTCC argues that the move would put it at a disadvantage.